I Have Just Proposed This Pension Product to Our Product Development Department At Central Office ( LIC )

1. Welcome to The Presentation
on
Golden Citizen
By
Welcome
Bharat RTo Thakkar
The Presentation
Ahmedabad Division
On
Product Development
• One of theEnjoy Retirement Plan Life Insurance
“ World’s Largest “
Company
At
ZTC , Akurdi, Dt. 18/Oct/2011
• Voted No. 1 MostBy Trusted Service Brand
Bharat R Thakkar
for 2008-09 by Brand Equity - Economic Times
Ahmedabad Division
91 98253 29960
for sixth year in succession
Presented By Bharat R Thakkar , 1
bsmartfund@gmail.com
18/10/2011
Ahmedabad DO , Cbo 6

2. “ Enjoy Retirement Plan “
OBJECTIVE
OF
THE NEW PLAN
To Capture
Those
Class Of People
Who
Are Not interested In Too Long Span Of Period For
Investment.
We Can Target The People Of Age Group
Between
15 to 65 Yrs of Age.
Targeted Policy We Can Adopt Is
Like
Endowment ( NON ULIP )
With
Optional Of Risk Cover
Bharat R Thakkar
18/10/2011
Presented By Bharat R Thakkar ,
2
Ahmedabad DO , Cbo 6
Cbo / 6 Ahmedabad Division

3. “ Enjoy Retirement Plan “
OBJECTIVE
OF
THE NEW PLAN
Mode Of Payment Would Be of Single / Yly
/ Hly / Qly .
Limited PPT May Be Offered
For
The Period From 01 yr. To 06 Yrs.
&
Maturity Term Can Be After Age 35 To
60 Yrs.
Minimum Sum Assured Can Be 1,00,000
With
No Upper Limit .
Bharat R Thakkar
18/10/2011
Presented By Bharat R Thakkar ,
3
Cbo / 6 Ahmedabad Division
Ahmedabad DO , Cbo 6

4. “ Enjoy Retirement Plan “
Proposed
Benefits:
• Maturity Benefit Is Available Like Table 14 .
• Death Benefit SA+ Accumulated Bonus
With
Some Token Guaranteed % If Possible .
• Accident Benefit May Be Offered
With
Extra Premium Up To 1 Crore.
• Permanent Disability Benefit Can Be Offered.
Premium Waiver benefit & Critical Illness Benefit and
•
Term Rider Can Be Offered , As Table – 14
Bharat R Thakkar
18/10/2011
Presented By Bharat R Thakkar ,
4
Ahmedabad DO , Cbo 6
Cbo / 6 Ahmedabad Division

5. “ Enjoy Retirement Plan “
Other
Features
Paid Up Value Can Be Offered Such As Table 14 .
Surrender Value May Also Be Offered Like Table 14 .
Loan Facility Available
After
5 Yrs
Of
The Fully Paid Premium .
But,
Loan Factor May Be Very Less Than Of Table 14 .
Bharat R Thakkar
18/10/2011
Presented By Bharat R Thakkar ,
5
Ahmedabad DO , Cbo 6
Cbo / 6 Ahmedabad Division

6. “ Enjoy Retirement Plan “
Overall
Observations
Families Of Middle / Lower Class Salaried
People
Can Be Targeted Easily
With
HNI Personalities .
This will Definitely Captured The Market Of Those
Class Who Are Only Invested Their Fund In
The Tools Of Postal Instruments
Like
05 yrs. RD Scheme / 08 Yrs NSC/ KVP / PPF/ETC.
Bharat
18/10/2011 R Thakkar Presented By Bharat R Thakkar ,
6
Ahmedabad DO , Cbo 6
Cbo / 6 Ahmedabad Division

7. “ Enjoy Retirement Plan “
Why Pension
FLASH BACK
In past,
To Fall Back On Their Family Support After Retirement
Focus Is To Fulfill Family Commitments Like Children’s Education, Start In
Life, Marriages , Construction Of House Etc .
Joint Family System Providing Security To The Elders
Indian Economy Being Agricultural , Retirement Was A Gradual Process
AT PRESENT
INCREASING URBANIZATION.
BREAKING UP OF JOINT FAMILY SYSTEM.
The increase in longevity has given rise to “The fear of living too long”
RISK OF LIVING TOO LONG
The post retirement period may be as long as or even longer than the pre retirement .
To maintain the same standard of living .
Greatest risk is to outlive their assets.
With softening of interest rates ,Yield available on lump sum retirement benefits has been decreased.
As the age advances, health deteriorates and one has to meet the increasing medical exp.
Bharat R Thakkar
18/10/2011
Presented By Bharat R Thakkar ,
Ahmedabad DO , Cbo 6
7
Cbo /6 Ahmedabad Division

8. “ Enjoy Retirement Plan “
Bharat R Thakkar
18/10/2011
Cbo /6 Ahmedabad Division
Presented By Bharat R Thakkar ,
Ahmedabad DO , Cbo 6
Thanks
8